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Listed by Rayna Johnsonof Selling Southern Illinois Realty
$ 148,500
Est. payment /mo
Active
1400 Park N Avenue Herrin, IL 62948
4,818 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,818 sqft
Price per Sqft $30
MLS Listing ID 100000203
Annual Tax Amount $3,825
Tax Year 2025
Lot Size 0.280 Acres
Lot Dimensions 100 ft x 120.8 ft
Property Sub-Type Mixed Use
Property Description
Substantial 4,818 Sq. Ft. Commercial Building in Herrin, IL! Add this high-performing asset to your portfolio today. This 4,818 sq. ft. commercial property is fully leased and generating immediate passive income. With established tenants already in place (Body Shop & Flower Shop), this is a rare turnkey opportunity offering a massive 16% Cap Rate at the current asking price. The Financials: * Monthly Income: $2,000/month * Annual Gross Income: $24,000 * Cap Rate: 16% * Occupancy: 100% Leased (Tenants in place) Don't wait-assets with this rate of return do not last long on the market. OR Bring your vision to this expansive commercial property offering a rare combination of industrial utility and retail charm. Currently operating as a dual-use facility (Auto Body & Floral Shop), this building proves it can handle absolutely anything. Spanning a substantial 4,818 square feet, this property has excellent street visibility, seamlessly flowing into a spacious workshop/industrial space in the rear. Property Highlights: * Versatile Zoning: Perfect for automotive, manufacturing, retail, or adaptive reuse (think: brewery, gym, event center, or flex-warehouse). * Industrial: The rear workspace is equipped with overhead doors, high ceilings, and the infrastructure to handle heavy-duty work. Whether you are looking to continue the current operations or transform this flexible footprint into the area's next hotspot, the infrastructure is here!
Location
State IL
County Williamson
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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